In the News
Market and Regulatory Failure - Are Big Banks Short-Changing Customers?
3rd December 2022
It seems that UK mortgage lenders were quick to hike two-year fixed rate mortgage rates in the aftermath of the mini-Budget, but that since then, as money market swap rates have fallen back, mortgage rates have remained resolutely high. And yet, at the same time, little has changed for savers who haven't seen a significant rise in interest rates on their savings.
So are regulators going to intervene? This looks like an abuse of market power - and all the more reason why the decision not to increase taxes on the sector in the Autumn Statement look ill-advised.
You might also like
Economics Weekly Quiz w/e 6 December 2019
6th December 2019
The theft of national wealth from Angola
23rd January 2020
Economics Weekly Quiz 6 March 2020
6th March 2020
Mauritius becomes Africa's 2nd High Income Country
7th July 2020
Planet on course for “catastrophic” rise in temperatures say scientists
15th January 2021